Published on 3/9/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $250,000 14.1% autocallable equity linked securities on three stocks
Chicago, March 9 – Citigroup Global Markets Holdings Inc. priced $250,000 of 14.1% autocallable equity linked securities due May 23, 2023 linked to the common stocks of Boeing Co., Estee Lauder Cos. Inc. and NIKE, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is paid quarterly.
The securities will be called automatically at par if the closing price of the worst performing stock is greater than or equal to 90% of its initial price on any quarterly valuation date.
The payout at maturity will be par if the worst performing stock ends at or above its 55% final barrier. Otherwise, investors will lose 1% for every 1% that the worst performing stock declines.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable equity linked securities
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| Underlying stocks: | Boeing Co., Estee Lauder Cos. Inc. and NIKE, Inc.
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| Amount: | $250,000
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| Maturity: | May 23, 2023
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| Coupon: | 14.1% per year, paid quarterly
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| Price: | Par
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| Payout at maturity: | If worst performing stock finishes at or above final barrier, par; otherwise, 1% loss for every 1% that worst performing stock declines from initial level
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| Call: | Automatically at par if the closing price of the worst performing stock is greater than or equal to 90% of its initial price on any quarterly valuation date
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| Initial levels: | $127.20 for Boeing, $240.39 for Lauder, $113.01 for NIKE
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| Final barriers: | $69.96 for Boeing, $132.215 for Lauder, $62.156 for NIKE, 55% of initial levels
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| Strike date: | May 13, 2022
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| Pricing date: | May 16, 2022
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| Settlement date: | May 23, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3%
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| Cusip: | 17330DEA0
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